REGISTERED NUMBER: 06386259 (England and Wales)

VESTAS AIRCOIL UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Doej

REGISTERED OFFICE:

Suite 4

Sovereign House

Gate Lane, Boldmere

Sutton Coldfield

West Midlands

B73 5TT

REGISTERED NUMBER:

06386259 (England and Wales)

AUDITORS:

Weatherer Bailey Bragg LLP

Chartered Certified Accountants

Statutory Auditor

100 Boldmere Road

Sutton Coldfield

West Midlands

B73 5UB

FIXED ASSETS

Tangible assets

4

1,238

294

CURRENT ASSETS

Debtors

5

59,984

37,222

Cash at bank and in hand

3,177

4,919

63,161

42,141

CREDITORS

Amounts falling due within one year

6

(30,200

)

(22,970

)

NET CURRENT ASSETS

32,961

19,171

TOTAL ASSETS LESS CURRENT LIABILITIES

34,199

19,465

PROVISIONS FOR LIABILITIES

(235

)

(56

)

NET ASSETS

33,964

19,409

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

32,964

18,409

SHAREHOLDERS' FUNDS

33,964

19,409

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2025 and were signed by:

M Doej - Director

1.	STATUTORY INFORMATION

Vestas Aircoil UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover from providing sales and technical services and support is recognised when the outcome of a transaction can be estimated reliably and is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. This is a work placed pension scheme in which all eligible employees are given the option to join. Contributions payable for the year are charged to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

3,009

23,439

26,448

Additions

-

1,226

1,226

At 31 December 2024

3,009

24,665

27,674

DEPRECIATION

At 1 January 2024

2,715

23,439

26,154

Charge for year

44

238

282

At 31 December 2024

2,759

23,677

26,436

NET BOOK VALUE

At 31 December 2024

250

988

1,238

At 31 December 2023

294

-

294

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Amounts owed by group undertakings

53,533

31,902

Prepayments

6,451

5,320

59,984

37,222

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Amounts owed to group undertakings

-

2,194

Corporation tax payable

3,235

2,758

Social security & other taxes

9,093

6,848

Other creditors

11,945

2,673

Accrued expenses

5,927

8,497

30,200

22,970

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/24

31/12/23

£

£

Within one year

-

23,638

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Alan Joseph Weatherer FCCA (Senior Statutory Auditor)

for and on behalf of Weatherer Bailey Bragg LLP

10.	ULTIMATE PARENT COMPANY